Eileen Gittins’ moonshot is to create the world’s largest pipeline of young female entrepreneurs. The Silicon Valley serial entrepreneur has lead three VC-backed companies as CEO, including growing the self-publishing platform Blurb to $70mm+. Now with Bossygrl, Eileen is helping young women learn entrepreneurial skills and start businesses. We talk about raising venture capital, and how to overcome challenges for women in business.
What stops women from succeeding in business?
Women are opening businesses in record numbers, and even teenage girls are hanging on every word of Shark Tank.
Yet only 3% make it to $1mm+ in revenues – and at the same time female founders of potentially highly scalable and innovative businesses get only 2-3% of the available venture capital. Some $58 billion dollars went to founding teams that are 100% male. But only $1.4 billion went to women-led teams.
Eileen Gittins wants to change all that.
She’s onto startup number 4, with a moonshot to create the world’s largest pipeline of female entrepreneurs.
Her app is called Bossygrl and it helps girls aged 13-18 create and run their own businesses.
We talk about raising venture capital, what it takes to scale a company from startup to $70m+ as she did with Blurb, and when to know when to startup all over again.
Learn on this episode:
- How to ask for what you want – and why you don’t need to ask first for permission
- Accept the fact you’re worth it and remember everyone else in the room is suffering from the same self-doubts
- Why everything’s possible – the barriers to entry are lower than ever, and the automated tools out there are cheap.
- How to build a great team without an office or much of a budget.
- How to get your elevator pitch right and articulate exactly what your product does for whom, whom it benefits and how big your market is, and how you’re going to reach and convert them: You have to “be able to say it in your sleep”.
- Why it’s vital to help women!
More about Eileen here
Read the full transcript here
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